Construction of 700-megawatt Coal-Fired Power Plant in Koh Kong 10% Complete
Construction on the US$1.1-billion 700-megawatt coal-fired power plant in Koh Kong province has been approximately 10%, completed according to a senior official at the Ministry of Mines and Energy. HE Victor Jona, Director General of Energy of the Ministry of Mines and Energy, said on Wednesday 28 July that the construction project has seemly been behind the schedule, so the company still has a...
Read MoreGov’t Locks Down 8 Provinces, Implements Nationwide Curfew, & Suspends Risky Business to Prevent Delta Variant Spread
Cambodia Prime Minister Hun Sen last night issued a new order to all provinces to implement stricter measures as Cambodia is vulnerable to large-scale infection of the Delta variant. The new measures will be implemented from the night of July 29 to August 12, which include: -Imposing a curfew from 9 pm to 3 am for Phnom Penh and all provinces, with some exceptions -Locking down 8 province...
Read MoreTwo Factories Worth Over US$12.5 million Approved for Kandal and Kampong Chhnang
The Council for the Development of Cambodia (CDC) approved two investment projects on Wednesday 28 July worth over US$12 million for Kandal and Kampong Chhnang provinces. The first investment permit has been granted to General Enterprises Garment (Cambodia) Co., Ltd to invest US$7.3 million to build a garment factory in Kadal Stueng district, Kandal province. The second is Sortics Alliance C...
Read MoreConsumer Loans Rise to Over US$33bn as of H1, Construction & Property Attributed 31%
As of H1of 2021, consumer loans in the banking sector have increased to over US$33.9 billion, 31% which were attributed to the construction and property sectors, according to the recent report of the National Bank of Cambodia (NBC). Among all the personal home loans, construction, and real estate activities accounted for 13.1%, 9.5%, and 8.4%, or equivalent to US$4.44 billion, US$3.22 billion, ...
Read MoreOver 360k Loan Accounts Worth US$5.5bn Restructured as of H1, Construction Sector Attributed 15%
From 2020 to H1 2021, banking and financial institutions have restructured a total of 367,239 loan accounts or equivalent to over US$5.5 billion in value, 15% of which were assigned to the construction sector. According to a report from the National Bank of Cambodia, there were a total of 32,636 restructured loan accounts in the construction sector, or equal to US$840 million. Among which, U...
Read MoreBoeung Tumpun Canal Dredging Complete, Facilitating Flood Prevention in Five PP Districts
Dredging and rehabilitation work on the 4km Boeung Tumpun canal has been 100% completed, which hopefully will help mitigate floods in the five main districts of Phnom Penh during the current rainy season. In the rehabilitation operation, over 12,250 cubic metres of waste and floating grass were collected and removed from the canal to ease the water flow, according to the Cambodian News Agency r...
Read MoreGov’t to Allocate Over 1,600 Hectares of Land in Tbong Khmum Province as Protected Nature Reserve
The Ministry of Environment (MoE) together with relevant officials has agreed to register 1,643 hectares of the Boeung Karde area in Tbong Khmum province as a natural protected area which the government will later develop into eco-natural tourism and generic conservation centre. According to the official meeting on Monday 26 July, this plot of land spreads over three communes—Chinik, Rokha Khno...
Read MoreGov’t Seizes Over 700 Hectares of Illegally-Grabbed Land in Kampot
Authorities in Kampot province have seized over 700 hectares of illegal-occupied forest land in the Preah Monivong National Park. The move was made after an inspection visit made by Minister of Environment HE Say Samal on Monday 27 July. To date, Kampot Provincial Governor HE Chev Tay has already issued an official seizure letter. Meanwhile, the seized land will be classified as protected ar...
Read MoreChina Plans to Build World’s First Waterless Nuclear Reactor
Chinese researchers have unveiled the world’s first thorium-fuelled commercial reactor that will not require water for cooling. This demonstrates a big breakthrough in the Chinese power sector, which today is dependent on coal-fired power plants. Named the Thorium Molten Salt Reactor, the project was begun in 2011. To date, researchers are in the stage of building a 2MW prototype, which is set ...
Read MoreUNDP Advises Cambodia to Issue Sovereign Bonds to Expand Financial Resources
UNDP has recommended Cambodia to issue sovereign bonds to expand domestic financial resources for urban development projects. This UN body published the advice in their recent report while also forecasting that Cambodia will graduate from its Least Developed Country (LDC) status in either 2027 or 2028. The report added it is time for Cambodia to prepare new sources of financing. Thus, being ...
Read MoreConstruction of 10-hectare Landfill in Kampot Set for Completion by July 2022
The construction of the ADB-funded 10-hectare landfill in Kampot province is over now 16% complete and scheduled for final completion by July 2022, according to Kampot Provincial Governor Cheav Tai during a site inspection on Tuesday 27 July. Located in Thmey commune, Teuk Chhou district, ground was broken on the project in early July this year and is being implemented by the Heng Sambath Const...
Read MoreMeridian International Holding Appoints CBRE Cambodia as Sales Agent for Flatiron Project
Meridian International Holding signed an agreement with CBRE Cambodia on Tuesday, appointing the international real estate service provider as their sole agent in the kingdom for sales and leasing at ‘Flatiron by Meridian’, an award-winning, mixed use project located within the Phnom Penh City Centre development zone. The agreement was signed by Meridian International Holding COO Gene Gong and ...
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